3512 Eastern Ave
Deal Type: Development
Risk Profiles: Opportunistic
Property Types: Land, Mixed Use, Multifamily
3512 Eastern Ave
3512 Eastern Ave | Baltimore, MD 21224
Opportunity to Acquire & Develop in Highlandtown Neighborhood in Baltimore, MD
Auction Opens: Friday, January 9 @ 12 PM | Auction Closes: Wednesday, January 14 @ 12 PM
OVERVIEW
INVESTMENT HIGHLIGHTS
Unique Opportunity to Acquire and Develop within Highlandtown
• Ability to increase density upon receipt of a zoning variance and redesign
• Can be developed into another commercial property that fits current zoning
• Potential for High Performance and/or Enterprise Tax Credits
Excellent Location Near Major Employers and Direct Access to Downtown Baltimore and Transportation
CONCEPTUAL LAYOUT
NEIGHBORHOOD SPOTLIGHT: HIGHLANDTOWN
3512 Eastern Ave is conveniently located in Highlandtown, a growing, tightly-knit community with increased multifamily development. The neighborhood is home to a variety of walks of life, ranging from longtime family residents to new-coming young professionals. Boasting a Walk Score of 96, the neighborhood is within steps of dining, entertainment, cultural centers, and green space.
Centrally located mere blocks from Baltimore’s waterfront and Patterson Park, residents of the property enjoy access to the city’s natural splendor as well as easy commutes to some of its largest employers, including Johns Hopkins’ Medical Center (40,000 employees) and Johns Hopkins Bayview Medical Center (3,600 employees). Patterson Park, 15-acres of green space named one of the top 10 urban parks by Forbes Magazine, is less than one-half mile away from the property.
Highlandtown borders both the Brewer’s Hill and Canton neighborhoods. Brewer’s Hill is a revived community with over 30 acres of office, residential, and retail space, featuring over 85 businesses. Canton is one of the city’s premiere waterfront communities, featuring an expansive array of restaurants and pubs as well as expansive retail options such as Target and Harris Teeter.
Highlandtown is an easy car commute or bus ride away from Baltimore’s Central Business District (10-minutes). Major employers include T. Rowe Price, Morgan Stanley, and University of Maryland Baltimore.
EMPLOYER SPOTLIGHT: JOHNS HOPKINS HOSPITAL
Headquartered in Baltimore, Johns Hopkins Hospital is an $8 billion integrated global health enterprise and one of the leading health care systems in the world. Johns Hopkins Medicine has six academic and community hospitals, four suburban health care and surgery centers, over 40 patient care locations, a home care group and an international division, and it offers an array of health care services.
It employs more than 23,470 people in Baltimore, and over 40,000 in the state, ranking it among Maryland’s largest private employers. It was ranked by U.S. News and World Report as the best hospital in America for 21 consecutive years (1991-2011), and ranked #1 in Maryland and #3 nationally for 2019-2020.
BENEFITS OF 3512 EASTERN AVE'S LOCATION
- Close to O’Donnell Square, featuring numerous eclectic retail shops, eateries, and salons
- Within walking distance to Korean Memorial Park, Patterson Park, Fells Point, and Little Italy
- Adjacent to Collective at Canton anchored by Sprouts Farmer’s Market, Chase Bank and more
- Surrounded by more than 75 restaurants, pubs and eateries within 1-mile of the property; including the Union Kitchen & Craft Bar and Of Love and Regret
- Served by five fitness facilities including Push511, Merritt Athletic Club, Club Tindeco Swim & Fitness, Crunch Fitness and Canton Club Health & Fitness Center
- Nearby retail including The Can Company with a Safeway supermarket and more than 20 retail stores and restaurants; Harbor East with Whole Foods Market and some of the city’s best retail shops and dining establishments; and the offerings of Baltimore’s famous Inner Harbor
- Only 10 minutes away from the downtown central business district
PHOTO GALLERY
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